sketched a gloomy outlook for the u.s. economy. the chairman offered no hint of further government money. here are the economic items. unemployment 8.2% last month and over 8% for the last 3 1/2 years. item, jobs growth slowed from 226,000 jobs per month, january through march, to 75,000 per month, april through june. item, the euro zone crisis which baron's weekly says should be resolved by this formula. one dollar should equal one euro. chairman bernanke chided congress for failure to act on fiscal policy. he warned that without help from congress, we would face a double dip recession with 1.25 million r jobs created next year. question, how grim is the economic news? and the economic forecast? pat buchanan? >> grim, john. and the american economy looks like it is headed into a stall. as does the european. and look what we've done to try to get it moving. over four years, and the fed has tripled the money supply, refinanced the banks, and zero interest rates, and we've got the stimulus package, and, what, four straight trillion dollar deficits to pump it up, and it is still not moving.